FCA establishes industry-led working group for financial advisers

As part of a package of measures to support the UK’s position as a world-leading, competitive centre for asset management and sustainable investment, the new industry-led working group for financial advisers is being convened by FCA. This group will support the industry in advising consumers on products making claims about sustainability.

FCA is an active observer of the group, Daniel Godfrey has been appointed as chair and Julia Dreblow as vice-chair. The Personal Investment Management and Financial Advice Association (PIMFA) will provide the secretariat. The chair will appoint the group’s members from across the advice sector and the group will engage with stakeholders outside of the group to ensure a balance of views.

FCA has asked that the group be ready to report on how the advice sector can be supported in delivering good practice in the second half of 2024.